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Senin, 26 Mei 2014

Gates Foundation Giving Begins to Slow..

This is kind of an interesting article to where nobody really knows why the foundation gifts are slowing down but there’s a lot of guessing here and there. We certainly are better off due to the Foundation by all means. Perhaps I might guess that the guidelines are changing a bit? As mentioned below the big gifts are complex in nature. We have also been reading too about some of the charity work from hospitals beginning to slow down.

For whatever reason it’s slowing down I hope it doesn’t go away…BD

John Pinette, a spokesman for Mr. Gates, declined to address specific reasons for the change of pace in giving, but he did point to the challenges of distributing large amounts of money where it can be most effective. Giving away $3.9 billion, as the foundation did in 2012, “is a massive task and a big responsibility,” Mr. Pinette said.

Because the vast majority of potential grant recipients are relatively small, “finding organizations that have the capacity to productively use large grants can be challenging,” said Melissa A. Berman, president of Rockefeller Philanthropy Advisors, which advises donors including the Gates foundation on how to achieve their goals. She said 75 percent of nonprofits in the United States had annual budgets of less than $500,000.

Paul Brest, a Stanford law professor and former president of the William and Flora Hewlett Foundation, said, “It’s very easy to give away money, but hard to give away money to have real and lasting impact.”

Some other Gates investments combine his expertise in software with disease-fighting goals that echo those of his foundation. He has invested $30 million in a drug-discovery start-up, Schrodinger. He has also invested in Nimbus Discovery, which aims to use computers to discover drugs.